The Trump administration has moved to punish Huawei on national security grounds amid a bitter trade dispute with China. But in Europe, the world's largest telecommunications equipment maker has received a different reception.

Last month, the Netherlands' leading wireless carrier chose Huawei to provide equipment for its next-generation 5G wireless network. The carrier, KPN, insisted the choice was based on quality. But Huawei had another advantage: price.

Huawei underbid the existing vendor, Swedish firm Ericsson, by 60 per cent, according to two industry officials who spoke on the condition of anonymity to discuss a sensitive matter - offering a price

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